Yesterday, Californians shot down the intensely controversial Prop 23 by a wide margin.
For those who don't know, Prop 23 was introduced to suspend California’s climate change bill, AB 32, until the state’s 12.4% unemployment rate dropped to 5.5% or less for four consecutive quarters.
Supporters of Prop 23 claim that strict regulations on greenhouse gas emissions place too large of a strain on California's manufacturing base and could eventually lead to more job losses.
What they fail to mention, however, is that if Prop 23 had passed, it would've jeopardized about a half million jobs and $10 billion in private investment in California clean energy businesses. Not something to take lightly for a state that teeters on the brink of economic collapse on a regular basis.
Of course, being that most of the $10 million raised to push Prop 23 came from Big Oil Interests in Texas, I doubt California job security was much of a concern.
Thankfully, the good people of California ignored the Big Oil rhetoric and fear mongering, and rejected Prop 23.
- Michael Boytano
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